AUD/USD – 1H – SELLNext a ‘Double bottom retreat down’ chart pattern is found. The formation shows ‘Double bottom retreat down’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline down.
A bearish descent down to the next support at is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.6504 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair is likely to fall.
Next a ‘Collapsing Doji Star’ candle pattern is discovered. The chart forms ‘Collapsing Doji Star’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65239 |
| 2nd High | 0.65047 |
| Next High | 0.6504 |
| Current Price | 0.64867 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.6504 – 0.65047 – 0.65007 – 0.64621 – 0.64696 – 0.64713 — 29.548285819097 – 22.263052213379 — 20.095166800038 – 13.278608121015 – 18.813369243169 – 18.37281407482
Trading Signals: FOREX – AUD – AUD/USD – USD – Collapsing Doji Star – Double bottom retreat down – –